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Business Analytics Data Study Set 2
Quiz 7: Sampling and Sampling Distributions
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Question 61
True/False
The standard error of the estimate measures how much estimates vary from sample to sample.
Question 62
True/False
An estimator is said to be unbiased if the mean of its sampling distribution equals the value of the population parameter being estimated.
Question 63
True/False
Voluntary response bias occurs when the responses to questions do not reflect what the investigator had in mind.
Question 64
Multiple Choice
The opportunity for nonsampling error is increased by:
Question 65
True/False
The sampling distribution of the mean will have the same standard deviation as the original population from which the samples were drawn.
Question 66
True/False
An unbiased estimate is a point estimate such that the mean of its sampling distribution is equal to the true value of the population parameter being estimated.
Question 67
True/False
The difference between the point estimate and the true value of the population parameter being estimated is called the estimation error.
Question 68
True/False
The sampling distribution of the mean will have the same mean as the original population from which the samples were drawn.
Question 69
True/False
The central limit theorem (CLT) states that the sampling distribution of the mean is approximately normal, no matter what the distribution of the population, as long as the sample size is large enough.
Question 70
Multiple Choice
The mean of the sampling distribution of
always equals:
Question 71
True/False
The standard error of an estimate is the standard deviation of the sampling distribution of the estimate. It measures how much estimates from different samples vary.
Question 72
True/False
When the sample size is greater than 5% of the population, the formula for the standard error of the mean should be modified with a finite population correction.
Question 73
True/False
A confidence interval is an interval calculated from the population data, where we strongly believe the true value of the population parameter lies.
Question 74
True/False
It is customary to approximate the standard error of the sample mean
by substituting the sample standard deviation s for
in the formula: SE(
) =
.
Question 75
True/False
Estimation is the process of inferring the value of an unknown population parameter using data from a random sample
Question 76
True/False
A point estimate is a single numeric value, a "best guess" of a population parameter, calculated from the sample data.
Question 77
True/False
A sample of size 20 is selected at random from a population of size N. If the finite population correction factor is 0.9418, then N must be 169.
Question 78
True/False
The randomized response technique is a way of getting at sensitive information to avoid estimation errors due to nontruthful responses.
Question 79
True/False
The sampling distribution of any point estimate (such as the sample mean or proportion) is the distribution of the point estimates we would obtain from all possible samples of a given size drawn from the population.